Income tax

R was employed on 1.7.2015 in the grade of ₹15,000-400-17,000-500-22,00.His gross salary for the assessment year 2022-23 shall be:

• 1,99,200

• 2,04,200

• 2,08,500

• 2,10,000

A is entitled to Children education allowance @₹80 p.m. per child for 3 children amounting ₹240 p.m. It will be exempt to the extent of:

• ₹200 p.m.

• ₹160 p.m.

• ₹240 p.m.

• Nil

Leave travel concession is a:

• Tax free perquisite for one journey in a block of 4 years

• Tax free perquisite one journey per year

• Tax free perquisite two journeys in a block of 4 years

• Taxable perquisite

An employee who was not entitled to gratuity, got 30% of his total pension commuted in the past. He wishes to commute another 25% of his total pension in the previous year. He shall be allowed exemption to the extent of:

• Nil

• 20%

• 25%

• 3.33%

The maximum amount on which income-tax is not chargeable in case of H.U.F. for assessment year 2022-23 is:

• ₹2,00,000

• ₹2,50,000

• ₹3,00,000

• ₹3,50,000